UK

THE KAY REVIEW

ON UK GROWTH

ON UK INCOME

Wealth manager Brooks Macdonald Group saw pre-tax profits jump by one-third in the second half of last year, and has hiked its dividend.

The asset management division of financial services group Close Brothers made a loss in the six months to 31 January, as it finalises a restructure which has seen it launch an advised service and includes plans for a direct-to-consumer proposition.

M&G saw its net inflows halve in 2011, while operating profits jumped 26% over the year, its results revealed.

Standard Life Investments (SLI) saw profits increase by 21% last year, thanks in part to rising revenues and the continued popularity of GARS.

Liontrust Asset Management is to acquire Walker Crips Asset Managers (WCAM) in a £12m deal.

The Financial Services Authority (FSA) has censured Bank of Scotland for failings within its Corporate Division between January 2006 and December 2008.

Former LVAM head of UK equities Graham Ashby has joined Ignis Asset Management to run its UK Equity Income fund.